​​DALLAS - The Magnolia Dallas Park Cities Hotel along the N. Central Expy. thoroughfare and within walking distance of the DART—Mockingbird Station in Dallas' Central Expy. submarket has been purchased.

DRW Real Estate Investments finalized a deal with TriGate Capital to acquire an independent 292-room hotel located across from the campus of Southern Methodist University.

Located at 6070 N Central Expy​., the full-service hotel underwent $10.1 million in renovations from 2012 to 2015 and today sports 12,000 sf of meeting space, a fitness center, indoor pool, restaurant and lounge.​